usd-chf

One of the economic releases of the day was the U.S. Crude Oil Inventories which helps measures the weekly change in the number of barrels of commercial crude oil held by US firms. The way it works is that the amount of inventories helps influence the price petroleum products which can have an encounter with the inflation rates. Traders have got two things which ...

Following this uptrend will secure a short buy position in the 60/240 timeframe.
Unless the updated after the US current accounts the position will stand at:
TP: 0.99327
EP: 0.99145
SL: 0.98995
Risk: 1.3

I can personally see this pair having a massive drop. We see it finally breaking through the trend line which has been tested on multiple occasions over the last couple of months. Also i can see a head and shoulders pattern form on the daily chart which has now broken the neckline. Price action has been very bullish and i can see this retracing to the trend line ...

Price has reached a key resistance level and also has a closing reversal candle. Price is currently in an uptrend, but price is likely to retrace to the trendline. Stops can be placed above the resistance zone.